Monday, July 13, 2015

Apple’s Share of Smartphone Industry’s Profits Soars to 92% - WSJ

Profit different

"Roughly 1,000 companies make smartphones. Just one reaps nearly all the profits.

Apple Inc. recorded 92% of the total operating income from the world’s eight top smartphone makers in the first quarter, up from 65% a year earlier, estimates Canaccord Genuity managing director Mike Walkley. Samsung Electronics Co. took 15%, Canaccord says.

Apple and Samsung account for more than 100% of industry profits because other makers broke even or lost money, in Canaccord’s calculations."